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LTD Editors's blog

Weekly round up: Fresh water, India's economy, the Global Fund and the next wireless revolution

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How clean water is reaching India's slums via solar-powered ATMs.

And newly discovered aquifers as a potential source of fresh water in Kenya.

Ashutosh Varsney in the Indian Express on Democracy v. Capitalism in India and Raghuram Rajan on making, 'The Case for India.'

Friday round up: Basu on India, Krugman on age of bubbles, Egypt, Syria and Cash transfers

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Kaushik Basu on the world economy and India's rough patch, during a visit there.

Paul Krugman on how India and some of the other BRICs hitting a rough patch in his piece titled 'This age of bubbles.'

Egypt needs truth and reconciliation, says Hafez Ghannem, via Brookings.

Friday round-up: Egypt, emerging markets, the great rotation, China's economic data, Bono on capitalism, and the science of delivery

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An Egypt blog in The Economist on 'the battle of fictitious facts' talks about the wildly disparate narratives coming out of Cairo as the streets seeth and the death toll mounts.

Natsuko Waki writes in Reuters about a recovery in developed markets, the 'Great Rotation' out of bonds and flight from emerging markets.

Is China fudging vital macreconomic data? Business Insider Australia covers new research by Christopher Balding of HSBC School of Business at Peking University about how China added $1 trillion to its economy by fudging data.

Growth Still Is Good for the Poor: New paper also looks at shared prosperity

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Incomes in the poorest two quintiles on average increase at the same rate as overall average incomes, according to a new working paper by David Dollar (Brookings Institution), Tatjana Kleineberg and  Aart Kraay. In a global dataset spanning 118 countries over the past four decades, changes in the share of income of the poorest quintiles are generally small and uncorrelated with changes in average income. The variation in changes in quintile shares is also small relative to the variation in growth in average incomes, implying that the latter accounts for most of the variation in income growth in the poorest quintiles. These findings hold across most regions and time periods, as well as conditional on a variety of country-level factors that may matter for growth and inequality changes. This evidence confirms the central importance of economic growth for poverty reduction and illustrates the difficulty of identifying specific macroeconomic policies that are significantly associated with the relative growth rates of those in the poorest quintiles. This reprise of Dollar and Kraay's earlier work also looks at the World Bank's new "shared prosperity" goal by considering the income growth rates of the poorest 40% of the population in each country in addition to looking at the poorest 20%.

Friday roundup: US jobs, Arctic methane, Stiglitz on free trade, Summers-Yellen contest, politics in Zimbabwe and Telangana

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The US administration hails a new jobs report, saying it provides further confirmation that economic recovery continues.

An alarming new report in Nature magazine on the costs of Arctic methane warns that the price tag for such emissions could approach the value of the global economy.

Collective action and community development: evidence from self-help groups in rural India

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In response to the problems of high coordination costs among the poor, efforts are underway in many countries to organize the poor through "self-help groups" (SHGs) -- membership-based organizations that aim to promote social cohesion through a mixture of education, access to finance, and linkages to wider development programs.

Friday Roundup: New Working Papers on food prices, India rainfall insurance, mega farms and Brazil ethanol

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Food price spikes, price insulation, and poverty
This paper looks into the impact of changes in restrictions on staple foods trade during the 2008 food price crisis on global food prices and also analyzes the impact of such insulating behavior on poverty in various developing countries and globally.

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